Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
Move where I had the sub cycle wave over to where the current bottom is and we should be starting the new impulse wave from there.
1st PI-CYCLE TOP of WAZIRX history printed in April 2021 which led to a correction of 87.48%.
1st PI-CYCLE BOTTOM of WRX history got printed again in April of 2022. 1st PI-CYCLE BOTTOM in any coin usually leads to MASSIVE rally.
Below chart shows the RESISTANCE zones for WRX.
In below chart, we can see the HOLY GRAIL LEVEL which is at 0.880 which has to be...
WRX bounced from the $0.563 support area and now trying to break above the $0.594 area. Our long position is reached at a breakeven price. Keep your stop loss and hold this trade, we may see some upward movement in the coming days.
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(WRXUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.74732538 point: expected to create a new wave
First resistance section: near the 2.03010763 point
Second resistance section:...
there is a good pattern, for traders.
In Weekly and Daily time frames look for Long Positions.
In the weekly timeframe, we need time and take a swing position for good profits.
enter after the break.
Wazirx is the biggest Indian exchange which accepts INR and has a direct partnership with binance. However, WRX Has a low market capitalisation and expected to give insane gains in the next alt season. So keep an eyes on this.
As you know I bought WRX at $1.30 according to my strategy. You can check it with following the link into description.
Now let's analyze what is going to be next. The daily candle closed above the strong supply zone 1, it can be an evidence that this long accumulation is over and WRX is going to go to the moon.
I expect short consolidation at...
WazirX - WRX token looking like it wants to higher price levels. Get in the train or miss out.
In my opinion, it probably goes to the 1st tp, and maybe the 2nd also, but I doubt it goes to the 3rd unless it really pumps.
TP 1 = $2.35
TP 2 = $2.94
TP 3 = $3.27
Entry Price = Around $1.35
Stop Loss = 1.175
Comment your thoughts on it
There could be a potential trade on the WRX chart. The price has formed a trend line, is squeezing near it and is ready to break through. A good buying opportunity would be after a breakout or retest.
Potential targets marked above.
Write in the comments all your questions and instruments analysis of which you want to see.
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Hello, dear friends!😘
Many people wonder why I rarely publish altcoins?
The answer is on a new meme😆🤣
In fact, we buy a lot of different altcoins, but trading them is quite risky, most often they are difficult to analyze and often there is a lot of speculation. You can lose money very quickly!
I think you noticed, how quietly begins rapid growth and how,...
Quick scalp trade. The WRX chart shows the local key level of $1.081, which now acts as resistance. In addition, we see the price forming higher lows and squeezing near the level. A breakout and a rise to the designated target are possible. Buy only after a breakdown!
Write in the comments all your questions and instruments analysis of which you want to...
Almost all coins now paint the same picture. Approaching the level and squeezing near it. Wrx is not an exception, but now it is possible to spike down, collect stop losses and then break the level and go higher. If that happens, it will be a good opportunity to open long positions.
Write in the comments all your questions and instruments analysis of which you...